Form 4: Cognex Corp Director Anthony Sun Reports Acquisition of Restricted Stock Units
SEC Form 4
Director Anthony Sun reports acquisition of restricted stock units and updates beneficial ownership in Cognex Corp.
Summary
- On February 18, 2025, Anthony Sun, a director of Cognex Corp, reported the acquisition of 8,324 restricted stock units (RSUs).
- These RSUs represent a contingent right to receive one share of Cognex Corporation common stock each.
- The RSUs vest 100% on February 18, 2026, which is the first anniversary of the grant date.
- Sun also updated his beneficial ownership of common stock, reporting 312,994 shares held directly and 26,608 shares held indirectly through an LLC.
- He also holds various non-qualified stock options through the LLC with exercise prices ranging from $16.72 to $56.44 and expiration dates between 2026 and 2030.
- Sun directly holds restricted stock units that vest on 02/20/2025 (6,973 units), 02/22/2025 (2,134 units), and 02/21/2026 (4,660 units).
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of stock transactions by a company director. The acquisition of RSUs is generally a positive sign, but it's not a major event that would significantly impact the stock price.
Positives
- The acquisition of restricted stock units by a director signals confidence in the company's future performance.
Future Outlook
The vesting of the restricted stock units on February 18, 2026, will result in the issuance of 8,324 shares of Cognex Corporation common stock to Anthony Sun.
Management Comments
- The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. They are closely watched by investors to gauge management's sentiment and potential future stock performance.
Comparison to Industry Standards
- Stock option and RSU grants are a common form of compensation for directors and executives in publicly traded companies, including those in the technology and manufacturing sectors like Cognex.
- The vesting schedules and exercise prices are typical for such grants, aligning with industry standards for incentivizing long-term performance.
Stakeholder Impact
- The disclosure provides transparency to shareholders regarding the holdings and transactions of a company director.
- The vesting of RSUs will increase the number of shares outstanding, potentially diluting existing shareholders' ownership.
Key Dates
| Date | Description |
|---|---|
| 02/12/2017 | Date of Non-Qualified Stock Option (right to buy) with an exercise price of $16.72 and an expiration date of 02/12/2026 |
| 02/21/2018 | Date of Non-Qualified Stock Option (right to buy) with an exercise price of $38.39 and an expiration date of 02/21/2027 |
| 02/20/2019 | Date of Non-Qualified Stock Option (right to buy) with an exercise price of $56.44 and an expiration date of 02/20/2028 |
| 02/19/2020 | Date of Non-Qualified Stock Option (right to buy) with an exercise price of $51.49 and an expiration date of 02/19/2029 |
| 02/18/2021 | Date of Non-Qualified Stock Option (right to buy) with an exercise price of $50.94 and an expiration date of 02/18/2030 |
| 02/22/2023 | Date of Restricted Stock Unit grant that vests on 02/22/2025 |
| 02/21/2024 | Date of Restricted Stock Unit grant that vests on 02/21/2026 |
| 02/18/2025 | Date of transaction: acquisition of 8,324 restricted stock units. |
| 02/20/2025 | Date of Restricted Stock Unit grant that vests on 02/20/2025 |
| 02/18/2026 | Vesting date for 8,324 restricted stock units. |
Keywords
Cognex Corp, Anthony Sun, restricted stock units, Form 4, beneficial ownership, stock options, CGNX, director
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